Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday. Libra, Facebook’s digital currency project, has faltered in recent weeks amid sustained criticism from lawmakers and regulators over fears it may aid money laundering and upend the global financial system. Zuckerberg will try to reassure skeptical lawmakers on the House Financial Services Committee that the project will meet strict regulatory standards, poses no threat to sovereign currencies, and will steer well …read more
Source:: Yahoo Finance
